• Dr.Joina Jaiswal

Financial technology (Fintech) has been redrawing the landscape of how financial services are offered, brought to, and controlled. Fintech has employed modern state of the art technologies like artificial intelligence, blockchain, big data analytics, cloud computing and cybersecurity solutions to uplift efficiency, transparency, and inclusivity within the financial ecosystem. This paper traces the evolution of Fintech from an early integrated position in the financial services space to its disruptive innovation in the 21st century. This touches on payment systems; online banking; investment platforms; peer to peer lending; and RegTech. Fintech has democratized finance, brought financial inclusion to underserved population, and reduced barriers to small and medium sized enterprises to access global trade and finance. Governments and regulators have a key role to play in crafting frameworks that encourage innovation whilst managing risk so as to drive sustainable growth of the industry. The development and the scalability of Fintech is driven by collaborations between startups, traditional Fin institutions and Venture capital that have produced a dynamic and interconnected Fintech ecosystem. This study also looks at how Fintech catalyzed behavioral alterations, notably in consumer behavior, changes in trust dynamics, and financial education. Fintech brings with it a multitude of benefits, but presents challenges such as cybersecurity threats, regulatory complexities and ethical concerns. The Fintech is pointed towards as a potential future shaper on financial markets with the real time solutions, personalized services and global connections. This paper explores the opportunities and challenges brought by Fintech, discussing its integration with the development of digital finance.

The Transformative Role of Technology in Shaping Modern Financial Market

"The Transformative Role of Technology in Shaping Modern Financial Market", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 11, page no.f687-f700, November-2023, Available :http://www.jetir.org/papers/JETIR2311583.pdf

"The Transformative Role of Technology in Shaping Modern Financial Market", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 11, page no. ppf687-f700, November-2023, Available at : http://www.jetir.org/papers/JETIR2311583.pdf